Sherman/Clayton Act

When was the Sherman Act implemented?

1890

When was the Clayton Act implemented?

1914

Tying Contracts

A requirement imposed by a seller that a buyer purchase another of its products as a condition to for buying a desired product.

interlocking directorates

A situation where one or more members of the board of directors if a corporation are also on the board of directors of a competing corporation.

interlocking directorates are illegal under the _______

Clayton Act

Tying contracts were outlawed by the

Clayton act.

Section 2 of the Sherman Act states

Every person who shall monopolize, or attempt to monopolize, or combine or conspire to with and person or persons, to monopolize and part of the trade or commerce among the seveal states, or with foreign nations, shall be deemed guilty of a felony.

Clayton Act

Federal antitrust law that strengthened the Sherman Act by making it illegal for firms to tk engage in tying contracts, interlocking directorates, and certain forms of price discrimination.

antitrust laws

Legislation that prohibits anticompetitive business activities such as price fixing, bid rigging, monopolization, and tying contracts.

Section 2 of the Sherman Act outlawed __________

Monopolization.

Section 2 of the Clayton Act outlaws ________

Price discrimination when it is not justified on the basis of cost differences and when it reduces competition.

Section 7 of the Clayton Act prohibits_______

The acquisition of stocks of competing corporations when the outcome would be less competition.

Sherman Act

The federal antitrust law that makes monopoly and conspiracies to to restrain trade criminal.

Section 8 of the Clayton Act prohibits _______

The formation of interlocking directiorates in large corperations where the effect would be reduced competition.

Section 3 of Clayton Act prohibits _________

Tying contracts in which a producer requires that a buyer purchase another of its products as a condition to obtain the desired contract.